Dee/subtle cbyi:Form 8-K for CAL BAY INTERNATIONAL INC
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1-Apr-2005
Other Events
Item 8.01: Other Events
Cal Bay announced today that it has initiated a stock buy back program for shares of its common stock. Cal Bay will purchase, up to $100,000 of its stock on the open market. The buy back program will commence immediately and terminate when the designated funds have been exhausted. Cal Bay intends to comply with all appropriate regulations including Rule 10b-18 under the Securities Exchange Act of 1934. Repurchased shares will be cancelled and returned to the authorized but unissued stock of Cal Bay.
Cal Bay will disclose in its periodic reports to be filed with the Securities and Exchange Commission, the number of shares purchased, the average price paid per share and the approximate dollar value of shares that may yet be purchased under this stock buy back program.
